Recently BhartiArtl has created double top and then fall drastically to 330 level. Stock recovered almost 70.7% from 330 level and again showing weakness.
From the top, Stock is in wave (C) of zigzag pattern and expecting the 100% retracement of wave (A) which is coming near 310 level. Risk and Reward ratio is also very good. EMA (34) will act as trailing stop...
Hourly chart of Havells India is showing weakness if its break 660 level (Triangle breakdown) or eventually 652 level ( Short term support level) then chart will show downside. 630 will be 1st level to watch and if its break 630 then 590 will be 2nd level to watch.
